I believe the answer is: D. excise tax
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Purchase tax refers to the tax that must be paid by the buyer whenever they purchase a certain product. One of the example would be an excise tax.
Excise tax is the tax that buyers must paid when we buy a product that create some sort of negative effect to the society or environment. Example of an excise tax would be gasoline tax.
<span>This invisible barrier is called the glass ceiling. There are multiple factors that enable such a thing, including (but not limited to) prejudices against women in the work place, lack of recruitment of women to certain types of jobs that are historically performed by men (i.e. science, engineering, etc), and lack of mentoring on the job.</span>
Answer:
When the government imposes a Maximum Price on a competitive market, if the equilibrium price is below the maximum price, then that policy will have no effect on that market, since the current price is below the ceiling price. However, if the equilibrium price is above the ceiling price, the good will become scarce and sellers must ration it among a large number of potential buyers.
The rationing mechanism is inefficient and unfair, will generate long queues between consumers and possible discrimination by sellers, since they will not be able to sell the good to those who value it most (equilibrium price based on supply and demand ) but they will sell it to whomever they prefer. Sellers may prefer to sell this good to their friends, family or even those who are willing to give an additional amount of money "under the table", thus generating a potential black market for that good.
Answer: (1) Legal entity
(2) Perpetual existence
Explanation: A very simple definition of a private limited company would help with subsequent explanation of its features or characteristics.
A private limited company is a business organization with private ownership being held by a few parties known as the shareholders, and these ones have their liability limited to the amount of shares contributed to the business capital. The total membership of owners is limited and hence the name "private."
There are a quite a number of features of a private limited company and two of these are;
(1) Legal Entity
(2) Perpetual Existence
(1) Legal Entity:
Once an organization has been registered as a "limited liability company," it immediately takes it own identity. What this means is that the laws of the country now recognizes the company as an individual with its own name and identity and is clearly distinct from the shareholders (owners of the company). This means the private limited company can have a bank account opened in its own name, it can sue and be sued to court in its own name (and not in the name of the shareholders), and so on. Basically, legal entity implies that a private limited company is now a person on his/her own and all matters that concern the business organization shall be seen as the company. Hence all assets and liabilities belong to the company and not the shareholders.
(2) Perpetual Existence:
Perpetual or continuous existence as the name implies means the company can continue to remain in existence into the foreseeable future and no time limit can affect it. Also the death or exit of one or more members (shareholders) cannot affect the existence of the company. So if for example, one members retires and exits the company and later dies as a result of old age, with or without replacement of the ex member, the company continues to exist uninterrupted (remember the company is now a person on its own under the law). This explains why many multinationals such as banks and oil and gas producing companies have been in existence for decades and some close to two hundred years in existence (and still counting).
Answer:
The answer is the first one, the Groundwater pollution.
Explanation:
Externalities can be described as the consequences of economic activities on unrelated 3rd parties. In this scenario, Ground water pollution is the most suitable answer and also it is one of the most common-seen externalities in almost every country.
Ground water pollution mainly occurs due to manufacturing and industrial activities.
